NYSE:ENVEnvestnet Stock Price, Forecast & News

Envestnet's stock was trading at $63.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ENV stock has increased by 19.5% and is now trading at $75.71. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last year. There are currently 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Envestnet.

Envestnet is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Envestnet.

Envestnet Inc (NYSE:ENV) released its quarterly earnings data on Thursday, May, 7th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.12. The business services provider earned $246.50 million during the quarter, compared to analysts' expectations of $242.32 million. Envestnet had a positive return on equity of 8.94% and a negative net margin of 0.66%. The business's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. View Envestnet's earnings history.

Envestnet updated its FY20 earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of $1.92-2.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.08. The company issued revenue guidance of $939.5-945.5 million, compared to the consensus revenue estimate of $966.94 million.

10 equities research analysts have issued 12 month target prices for Envestnet's shares. Their forecasts range from $68.00 to $80.00. On average, they expect Envestnet's share price to reach $74.50 in the next twelve months. This suggests that the stock has a possible downside of 1.6%. View analysts' price targets for Envestnet.

News headlines about ENV stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Envestnet earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutEnvestnet.

Envestnet saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,430,000 shares, an increase of 33.5% from the April 30th total of 1,820,000 shares. Based on an average daily trading volume, of 450,200 shares, the short-interest ratio is presently 5.4 days. Currently, 4.8% of the company's stock are sold short. View Envestnet's Current Options Chain.

Some companies that are related to Envestnet include Facebook (FB), Equinix (EQIX), eBay (EBAY), SEA (SE), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), J2 Global (JCOM), Stamps.com (STMP), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC) and Cimpress (CMPR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), CROWN CASTLE IN/SH SH (CCI), Micron Technology (MU), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wells Fargo & Company MN (6.56%), Janus Henderson Group PLC (4.55%), Van Berkom & Associates Inc. (2.77%), TimesSquare Capital Management LLC (2.41%), Champlain Investment Partners LLC (2.04%) and State Street Corp (1.93%). Company insiders that own Envestnet stock include Anil Arora, Brandon Thomas, Charles Roame, Gayle A Crowell, Joshua Mayer, Judson Bergman, Matthew Majoros, Peter D'arrigo, Ross K Chapin, Scott D Grinis, Shelly O'brien, Stuart Depina and William Crager. View institutional ownership trends for Envestnet.

ENV stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Janus Henderson Group PLC, Federated Hermes Inc., Ashford Capital Management Inc., TimesSquare Capital Management LLC, GW&K Investment Management LLC, Champlain Investment Partners LLC, and AXA. Company insiders that have sold Envestnet company stock in the last year include Anil Arora, Brandon Thomas, Charles Roame, Joshua Mayer, Judson Bergman, Matthew Majoros, Peter D'arrigo, Ross K Chapin, Scott D Grinis, Shelly O'brien, and William Crager. View insider buying and selling activity for Envestnet.

ENV stock was acquired by a variety of institutional investors in the last quarter, including Philadelphia Financial Management of San Francisco LLC, Spyglass Capital Management LLC, York Capital Management Global Advisors LLC, Jupiter Asset Management Ltd., Van Berkom & Associates Inc., FDx Advisors Inc., FDx Advisors Inc., and Geode Capital Management LLC. View insider buying and selling activity for Envestnet.

Shares of ENV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ENV stock can currently be purchased for approximately $75.71.

Envestnet has a market capitalization of $4.05 billion and generates $900.13 million in revenue each year. The business services provider earns $-16,780,000.00 in net income (profit) each year or $1.21 on an earnings per share basis. Envestnet employs 4,190 workers across the globe.

The official website for Envestnet is www.envestnet.com.

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The business services provider can be reached via phone at 312-827-2800 or via email at [email protected]